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The company was founded as W.T. Carter & Bro., a lumber company, in 1876. [1] [3]The company discovered the Double A Wells Field in East Texas in 1985. [3] It began drilling oil in the late 1980s. [3]
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [2]: 45–56 [3] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "Petros", or "Petra" (Πέτρος and πετρα, the masculine and feminine rendering of the word, respectively) means "stone" or ...
In 2021, the EPA and Nuka Research and Planning Group developed a geographic response strategy for 10 locations along the Blackstone River in case of an oil spill. The strategy details how the EPA ...
[3] [2] The assets were owned in a joint venture with a fund of The Blackstone Group. [4] In August 2015, in partnership with GSO Capital Partners, the company acquired its GEP Haynesville assets in the Haynesville Shale, including 300 wells across 112,000 acres, from Encana for $850 million. [5]
Because Blackstone — the world’s largest alternative asset manager, with $1 trillion in assets under management — is currently measuring U.S. inflation at around 2%, which happens to be the ...
The results of crude oil assay testing provide extensive detailed hydrocarbon analysis data for refiners, oil traders and producers. Assay data help refineries determine if a crude oil feedstock is compatible for a particular petroleum refinery or if the crude oil could cause yield, quality, production, environmental and other problems. [1]
On 9 December 2003, the private equity group consisting of the Blackstone Group, Apollo Management LP and Goldman Sachs Capital Partners collaborated to acquire Ondeo Nalco Company from Suez SA for US$4.2 billion. [6] The Company went public again, returning to the New York Stock Exchange in late 2004 under the name Nalco Holding Company.
The side-gig industry is still booming, but not all side gigs are created equal and not all people doing them make enough money to justify the time and effort involved. According to Self, just ...